Government of India
have announced the sale (re-issue) of (i)
“8.07 percent Government Stock 2017-JUL” for a notified amount of Rs.
3,000 crore (nominal) through price based
auction, (ii) “8.33 percent Government
Stock 2026” for a notified amount of Rs. 7,000
crore (nominal) through price based auction, and (iii)
“8.97 percent Government Stock 2030” for a notified amount of Rs. 3,000
crore (nominal) through price based
auction. The auctions will be conducted using uniform price
method. The auctions will be conducted by the Reserve Bank of India,
Mumbai Office, Fort, Mumbai on November 02,
2012 (Friday).

Up to 5% of
the notified amount of the sale of the stockswill be allotted to
eligible individuals and Institutions as per the Scheme for
Non-Competitive Bidding Facility in the Auction of Government
Securities.

Both
competitive and non-competitive bids for the auction should be submitted
in electronic format on the Reserve Bank of India Core Banking Solution
(E-Kuber) System on November 02, 2012. The
non- competitive bids should be submitted between 10.30 a.m. and 11.30
a.m. and the competitive bids should be submitted between 10.30
a.m. and 12.00 noon.

The result
of the auctions will be announced on November 02, 2012 and payment by
successful bidders will be on November 05, 2012 (Monday).

The Stocks
will be eligible for “When Issued” trading in accordance with the
guidelines on ‘When Issued transactions in Central Government
Securities’ issued by the Reserve Bank of India vide circular No.
RBI /2006-07/178 dated November 16, 2006 as amended from time to time.

Department of Economic Affairs,
Ministry of Finance, Government of India

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